38 Degrees North
38 Degrees North is a Sausalito-based renewable energy developer, capital partner, and asset operator managing 450 MW of community solar, distributed generation, and battery storage projects across seven U.S. states, serving 32,000 community solar subscribers and 12 developer partners.
- Company typePrivate
- Founded2015
- HeadquartersSausalito, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What 38 Degrees North does
38 Degrees North is a privately held renewable energy firm founded in 2015 and headquartered at 2320 Marinship Way, Suite 301, Sausalito, California. The company operates as an integrated energy transition capital partner, developer, and operator, focused on community solar, distributed generation, battery storage, and other sustainable infrastructure assets. Per the firm, it manages 450 MW in construction and operation across 115 projects and serves 32,000 community solar subscribers across seven U.S. states (New York, Massachusetts, Illinois, California, Maryland, Pennsylvania, Minnesota), with concentrations in New York (350+ MW portfolio) and Illinois (500 MW operating or under construction plus a 250+ MW advanced pipeline).
The company's core activities span the full project lifecycle: originating and acquiring community solar and distributed solar projects from third-party developers, structuring financing through tax equity partnerships, back leverage debt, and corporate equity, and then operating the assets through a network of service partners (operations and maintenance providers, billing and collections services, and financial asset managers). A customer-facing community solar billing portal, hosted through a third-party platform, provides subscriber account servicing. The firm also operates 30 MWh of behind-the-meter battery storage in California. Notable acquisitions include U.S. Light Energy (250+ MW pipeline, 2025), the 62 MW Community Power Group portfolio in New York (2024), and the 104 MW Cypress Creek portfolio in Illinois (2026).
Revenue is generated through two primary streams. The first is asset ownership and operations, encompassing electricity generation revenue from operating projects, subscriber bill savings economics from community solar subscription products, and tax credit monetization via tax equity structures. The second is project development and acquisition, where the company earns returns through project appreciation, construction completions, and exit transactions with capital partners. Capital partners include repeat tax equity investors, Starbucks Coffee Company (a $100 million tax equity fund), New York Green Bank (back leverage debt), John Hancock Life Insurance, Tax Equity Advisors on behalf of a Fortune 500 media corporation, and growth equity investors S2G Ventures, Climate Adaptive Infrastructure, and Kimmeridge Energy Management.
38 Degrees North firmographics
Firmographics- Name
- 38 Degrees North
- Legal name
- 38 Degrees North
- Website
- https://38degreesn.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- 38 Degrees North is a Sausalito-based renewable energy developer, capital partner, and asset operator managing 450 MW of community solar, distributed generation, and battery storage projects across seven U.S. states, serving 32,000 community solar subscribers and 12 developer partners.
- Ownership category
- akta.pro rank
38 Degrees North industry classification
Industry- Product category
- Community Solar Development & Distributed Renewable Energy
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Community Solar Development & Subscription Management (EUAMAJAA)
- akta.pro secondary industry
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)
Keywords
Where 38 Degrees North is headquartered
LocationHeadquarters
- HQ city
- Sausalito
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
38 Degrees North business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- Asset Ownership and Operations: 38 Degrees North owns and operates community solar, distributed solar, and battery storage projects. Revenue is generated through electricity generation, subscriber bill savings, and tax credit monetization via tax equity structures.
- Project Development and Acquisition: The company develops and acquires community solar projects, earning returns through project appreciation, construction completions, and exit transactions with capital partners.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
38 Degrees North product offering
Product offeringCore offering
38 Degrees North is an energy transition capital partner, developer, and operator that develops, acquires, finances, and operates community solar, distributed generation, and behind-the-meter battery storage projects. The company manages over 450 MW in construction and operation across 115 projects in states including New York, Massachusetts, Illinois, California, Maryland, Pennsylvania, and Minnesota, serving 32,000 community solar subscribers.
Product overview
38 Degrees North is an experienced energy transition capital partner, developer, and operator offering a unified platform for distributed generation, community solar, battery storage, and sustainable infrastructure assets. The company operates across multiple product lines: a community solar development and acquisition platform managing 450 MW in construction and operation; a customer-facing billing portal for subscriber management; comprehensive operations and asset management services emphasizing data-driven oversight; and project finance structuring for various transaction types including tax equity, debt, and partnership flip structures. The company also offers behind-the-meter battery storage solutions. Geographic footprint spans New York (350+ MW), Illinois (500+ MW with 250 MW pipeline), Massachusetts (34 MW), California (battery storage), Maryland, Pennsylvania, and Minnesota. Notable acquisitions include U.S. Light Energy (250+ MW pipeline), Community Power Group (62 MW NY), and Cypress Creek (104 MW IL).
Differentiator
Problem solved
Functional benefit
Products and services
- Community Solar Development & Acquisition Platform Integrated platform for developing, acquiring, and operating community solar and distributed renewables projects. Manages 450 MW in construction and operation across 115 projects and serves 32,000 community solar subscribers, primarily for utility, community, and developer counterparties.
- Community Solar Customer Portal Self-serve web portal enabling community solar subscribers to access billing information, manage accounts, and make payments. Hosted on a third-party Account Servicing platform.
- Operations and Asset Management Services Comprehensive operations and asset management services for distributed generation and community solar projects. Oversees service partners providing operations, maintenance, billing and collections, and financial asset management, with emphasis on data-driven ownership, safety, and continuous improvement.
- Project Finance and Capital Formation Structuring and managing various financing types for renewable energy projects, including development debt and equity, sale leasebacks, lease pass-throughs, partnership flips, mezzanine and term debt (including back leverage and USDA-guaranteed facilities), and construction and warehouse facilities.
- Behind-the-Meter Battery Storage Solutions Behind-the-meter battery storage and solar projects in California optimized for energy and demand charge savings and capacity program participation. The company operates 30 MWh of battery storage.
Quantifiable outcome
- $1.6 million in annual utility bill savings for subscribers
- +3 more outcomes
Companies that use 38 Degrees North
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles4 records
38 Degrees North technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
38 Degrees North partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered major, core and minor.
- Cypress Creek EnergymajorCypress Creek sold a 104 MW community solar portfolio consisting of 16 projects across 14 Illinois counties to 38 Degrees North. Projects expected to be operational by 2027.
- U.S. Light Energycore38 Degrees North acquired U.S. Light Energy, which had a project pipeline of over 250 MW, to expand operations in the U.S. energy market.
- Community Power Groupcore38 Degrees North acquired 62 MW of community solar projects from Community Power Group in New York as part of their strategic expansion.
- Joule Community PowerminorEntered into market leading community choice aggregation contract with Joule Community Power.
- Delaware River SolarminorExpanded partnership with Generate Capital for acquisition of a 70+ MW portfolio developed by Delaware River Solar.
- Advanced Microgrid SolutionsminorAcquired 5 behind-the-meter battery storage projects from Advanced Microgrid Solutions.
- EnelXminorTransitioned operations management of battery storage projects to EnelX in summer 2020.
- SunShare Community SolarminorPartnered on a 7 MW community solar project in Minnesota.
- AmerescominorPartner logo displayed on website indicating strategic relationship.
- CSG (Community Solar Solutions)minorPartner logo displayed on website indicating strategic relationship.
Scale indicators14 records
Recent moves6 records
Expansion highlights6 records
38 Degrees North competitors and assessment
Company assessmentDirect peers
- Nexamp: One of the largest community solar developers and owners in the United States, operating across the Northeast and Midwest with a comparable asset-ownership, subscription-management, and tax equity-backed business model directly overlapping 38 Degrees North's footprint.
- Generate Capital: Sustainable infrastructure financier that has directly co-invested with 38 Degrees North on NY community solar portfolios. Operates as both a capital partner and a competing acquirer of distributed solar and storage assets using comparable tax equity and back leverage structures.
- Pivot Energy: Community solar developer and owner active across multiple U.S. states with a similar project-finance-driven model, providing direct competition for both developer partner origination and end-customer subscribers in shared markets.
- Cypress Creek Renewables: Major community solar and utility-scale solar developer that sold a 104 MW IL portfolio to 38 Degrees North in 2026 and a NY portfolio in 2018. Directly comparable in asset class and target markets, and remains a competitor for new community solar RFPs.
- BlueWave Solar: Massachusetts-based community solar originator and developer with overlapping operating geographies and a comparable subscriber-acquisition and project finance model. Competes directly for developer partner projects in the Northeast.
- Clean Energy Collective (Clean Energy Credit Union / Sol): Pioneer in community solar subscription platforms and project development, with a directly comparable offering of subscriber-managed community solar assets across multiple U.S. states.
- Sol Systems: Renewable energy financing and development platform with comparable tax equity, debt, and acquisition capabilities across solar and storage. Competes for both capital partner mandates and developer-side project acquisitions.
- U.S. Light Energy: Community solar developer that was acquired by 38 Degrees North in 2025; historically a direct peer with a 250+ MW pipeline in overlapping U.S. markets.
Broad incumbents
- EDP Renewables North America: Large diversified renewable energy developer and owner. While primarily utility-scale wind/solar, it participates in distributed and community solar and competes broadly for renewable infrastructure capital and projects.
Emerging players
- Arcadia: Community solar subscription platform and data infrastructure partner (displayed on 38 Degrees North's partner page). Provides enabling technology for subscriber management that supports community solar operators like 38DN.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
38 Degrees North social profiles
Digital presence38 Degrees North financial estimates
Financial estimateRevenue estimate
Valuation estimate
38 Degrees North leadership team
Management profileNumber of profiles
Profiles12 records
38 Degrees North funding detail
Funding detailFunding overview
Funding rounds4 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
38 Degrees North M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 38 Degrees North
What does 38 Degrees North do?
38 Degrees North is an energy transition capital partner, developer, and operator that develops, acquires, finances, and operates community solar, distributed generation, and behind-the-meter battery storage projects. The company manages over 450 MW in construction and operation across 115 projects in states including New York, Massachusetts, Illinois, California, Maryland, Pennsylvania, and Minnesota, serving 32,000 community solar subscribers.
Is 38 Degrees North a public or private company?
38 Degrees North is a private company. It is classified as venture growth investor backed and is currently operating.
When was 38 Degrees North founded?
38 Degrees North was founded in 2015. It employs 1 to 10 people.
Where is 38 Degrees North based?
38 Degrees North is headquartered in Sausalito, United States, in the North America region.
How does 38 Degrees North make money?
Two revenue lines are on record. Asset Ownership and Operations are the primary driver. The others are project Development and Acquisition.
Who are 38 Degrees North's main competitors?
Direct peers on record are Nexamp, Generate Capital, Pivot Energy, Cypress Creek Renewables, BlueWave Solar, Clean Energy Collective (Clean Energy Credit Union / Sol), Sol Systems and U.S. Light Energy. EDP Renewables North America is listed as a broad incumbent. Arcadia is listed as an emerging player.
Does 38 Degrees North have an API?
No public API is recorded for 38 Degrees North.
What industry is 38 Degrees North in?
38 Degrees North's product category is Community Solar Development & Distributed Renewable Energy. Its primary akta.pro industry code is EUAMAJAA, Community Solar Development & Subscription Management, with a secondary code of EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System). Its NAICS code is 221114 and its SIC code is 4991.